Word: money
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...products. But when it comes to trinkets, we should think twice. Of course, with a lot of today's trinkets -- VCRs and camcorders, to name just two -- there's no way to buy American. The only choice is whether to buy at all, or whether, perhaps, to invest that money instead...
...They could buy a less expensive car than they otherwise might, investing the difference, as the Indians should have, to grow richer. (Actually, many of us are not buying the trinkets with money we have. We're borrowing to buy the trinkets, which is really insane...
...Washington Congress quickly passed, and President Bush signed, a measure making $3.4 billion available to disaster victims, mostly in California; $2.85 billion of that will be new money. Legislators pointedly exempted the relief funds from the spending cuts mandated by the Gramm-Rudman-Hollings law, but, in a somewhat surprising burst of honesty, agreed to count them as part of the budget deficit. Though New York Democratic Senator Daniel Patrick Moynihan asserted that the relief money will have to be made up by cuts in other programs, that is most unlikely, and no one in Washington will even whisper...
Among superpower currencies, the Soviet ruble gets no respect. Its official value is so overstated after decades of isolation from the marketplace that even Soviet citizens treat it as funny money. In the past year Soviet economists have openly acknowledged that the ruble's official rate of exchange with Western currencies was seriously out of whack. While the Soviet state bank, Gosbank, gave visiting foreigners only 0.65 rubles for every U.S. dollar, a thriving black market offered as much as 15 rubles. An internal study done for the Central Committee of the Soviet Communist Party reportedly estimated the ruble...
...reason Soviets have little use for their own currency is the shortage of consumer goods to buy. The result is that thegoods have become the storehouse of value rather than the money, as in hyperinflationary economies. A leading Soviet economic official told a visiting American that his neighbor had a seven-year supply of detergent in his tiny apartment...